How long do you really think this can go on?
If you ask me…… I’d pretty much say “today is the day”!
China PMI data overnight comes in “under 50” yet again, marking the 5th straight month of contracted growth, Japan is in shambles, The EU Zone toast, and The United States continues to just keep “racking up the credit card”.
CNBC HEADLINES ARE FLAT OUT 100% FALSE! CHINA NUMBER IS -NEG NOT A POSITIVE!
Broken record yes, but as I’ve stated so many times in the past – If there was something “positive” to talk about then I would! From an investor’s perspective if the lights aren’t clearly “flashing red” then I’d put into question what kind of an investor you are.
The insider selling and “distribution” that has taken place over the past 6 months would have it that “pretty darn soon” the big boys will have everything in place to “drop this thing like a rock”.
Even the commodity currencies have now started to tank, and the Japanese Yen ( the big safe haven / repatriation play ) has locked in a very solid and confirmed UPTREND.
I’m adding to my short SPY / U.S Equities as we speak.